Foreign Trade Procedures 2008-2009 - Directorate General of ...

export and / or import of bio-technology items are involved,Authorisation under this paragraph shall be issued by RA only onsubmission of a “No Objection Certificate” from Department ofBio-technology.Entitlement 4.7.1 CIF value of one or more such Authorisations shall be maximum500% of FOB and / or FOR value of preceding year’s exportsand / or supplies in case of status holders, and Rs. 5 crore or500% of the FOB and / or FOR value of preceding year exportsand / or supply, whichever is more, for others.However, in cases where NC has already ratified norms for sameexport and import products in respect of an Authorization obtainedunder paragraph 4.7, such norms shall be valid for a period ofone year reckoned from the date of ratification.In such cases Authorisations shall be issued by RA concernedunder “Adhoc Norms Fixed” category and application copies neednot be forwarded to NC for fixation / ratification of norms.Authorisation holder in such cases shall be entitled for furtherAuthorisation(s) as per norms ratified by NC without need forsubsequent ratification by NC. In such cases applicant would fileapplication under Adhoc Norms Fixed category.However, NC should ensure that such adhoc norm(s), if not notifiedalready, are notified within six months of the ratification of suchadhoc norm(s).4.7.2 Once norms are fixed by NC, value limits mentioned in aboveparagraph would not be applicable to Advance Authorisationsissued under this paragraph. Such Authorisations, subsequent tofixation of norms by NC, may be enhanced.It is mandatory for industry to provide production data etc. asmay be required by DGFT / EPC for fixation of SION. Otherwise,applicant shall not be allowed to take benefit of AdvanceAuthorization scheme for taking repeatAdvance Authorizationson self-declared basis.Authorisation in 4.7.3 An applicant shall be entitled for Authorisation in excess ofExcess of Entitlemententitlement mentioned in paragraph 4.7.1 subject to furnishing of100% Bank Guarantee to Customs authority to cover exemptionfrom customs duties. A specific endorsement to this effect shall bemade on Authorisation.Application 4.7.4 Original application with prescribed documents shall be submittedto concerned RA. RA shall forward a copy of application within7 days from Authorisation issue date to NC for fixation of normswithin prescribed time.Undertaking 4.7.5 Applicant shall give an undertaking that he shall abide by normsfixed by NC and accordingly pay duty, together with interest, on57